Are corporations putting ethics and transparency ahead of profits? Are you aware

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  1. aesta1 profile image90
    aesta1posted 3 years ago

    Are corporations putting ethics and transparency ahead of profits? Are you aware of one?

  2. profile image70
    win-winresourcesposted 3 years ago

    Mary-

    I don't  think that ethics, transparency and profits are necessarily in direct conflict.
    Generally speaking, a business must earn a profit or it will cease to exist.  Can it earn a profit while acting ethically?  Of course it can.  Just because a business earns a profit (even a large profit)  does not mean that it must have done so unethically. 

    Perhaps more to the point.  Business don't act in any fashion.  The people who run them do.  If, for example, a business owner pays his workers a fair wage, protects the environment, and helps his community it might seem that he is, indeed, ethical.  What if, in private,  he beats his wife.  Is he still an ethical person?

    Making a profit is not a negative.  A well run business will have numerous positive impacts on the community and the economy (to name a couple).  Begrudging a business owner the fruits of his labor, his courage and his vision is unethical.

    1. aesta1 profile image90
      aesta1posted 3 years agoin reply to this

      Well said win-winresources. Ethics is situational. Unless you have the facts of the situation, you can't really make a judgment.

  3. Goodpal profile image90
    Goodpalposted 3 years ago

    https://usercontent2.hubstatic.com/12272119_f260.jpg

    Despite Bill Gates suggestion that we need a capitalism with a 'human face' businesses still go for "maximizing profits" leaving aside ethics and moral values.

    However, looking at the scale of global climatic disorder and increasing frequency of natural disasters, now at least some people are talking about businesses having social and environmental responsibilities.

    Perhaps soon we shall see some change in the mindset.

    1. aesta1 profile image90
      aesta1posted 3 years agoin reply to this

      Some businesses are changing, again, it is because it is good business to take care of the environment and the community. When you look at the Vision and Mission of corporations, they are all for the good of the community but are they really?

  4. pramodgokhale profile image44
    pramodgokhaleposted 3 years ago

    Ma'am,
    If profit is motive then other things are peripheral, Rules and regulations are plenty on paper but implementation is difficult. In India there is SEBi a regulator but i read news that corp orates had been regularly fined or getting notice and warnings for irregularities.
    Transparency and ethics  are fine rhetoric and monopolies and manipulators are capable to manage governments and people suffer.
    Yes, there are honest corporate s and ethics is their motto but others are after income.

    1. aesta1 profile image90
      aesta1posted 3 years agoin reply to this

      You are right. Sometimes, for businesses to exist or get contracts, they have to pay many regulators or government people. Sad, but it happens.

  5. L.M. Hosler profile image88
    L.M. Hoslerposted 3 years ago

    I personally don't like working for corporations because their main objective is profits which is why they are in business. But when you look at what the CEO's are making and how little the workers make, there is such a huge gap. For instance, years ago I worked for Ruby Tuedsay. We were paid $3.18 an hr plus tips. This wasn't bad except that we also had to tip out three other employees, which took a big chuck of our tips. So essentially we were paying the company's employees. Then we had managers on top of managers making really high salaries while doing little work. Ruby Tuesday also had a private jet to fly those managers,  In my opinion this wasn't very ethical.
    On the contrast I now work for a small company (not a corporation) that knows who I am and they treat their employees fairly well.

    1. aesta1 profile image90
      aesta1posted 3 years agoin reply to this

      I think corporations now are realizing the uselessness of these managers and are changing their structure but these practices really make employees feel cheated.

  6. Ericdierker profile image50
    Ericdierkerposted 3 years ago

    Happy to say Yes! A small closely held corporation with a super duper very ethical man and wife that run it. This guy never ever puts a quick buck in front of a good night's sleep. And that good sleep comes from an ethical and clearly visible business and lifestyle. He is a model of civic responsibility and he is a friend to many many.
    And I know another publicly held corporation where the dream of building something honest and with a strong foundation is very important to the stockholders and to their chagrin interferes with their return on investment but they hold on and encourage management to keep on trucking along.

    1. aesta1 profile image90
      aesta1posted 3 years agoin reply to this

      Eric, yes there are corporations who are ethical and try to be. It is difficult been in the consulting business where to get contracts, companies have often to resort to facilitation fees (bribery).

 
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